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20110725
20110725
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Search Results 0 to 42 of about 43 (some duplicates have been removed)
. the big concern this morning, will the markets be spooked by all of this just over a week from the deadline? we're already seeing lower asian markets. and in an interesting twist, the high-level english official says that it's, in his words, the right wing nutters who are causing more of a threat to the world economy than problems in europe. amara? >> tracie potts in washington, thank you. >>> the man accused in the massacre and bomb attack in norway is asking for an open court hearing so he can explain himself according to his lawyer. anders breivik is due to be arraigned today. this as a shaken nation mourns the 93 victims who died. emma murphy from our english broadcast partner itv reports. >> reporter: in a country struggling to comprehend the events of the past days, there are few rituals to bring comfort. but hour after hour in the driving rain, the people of norway have lit candles and laid flowers in memory of their dead. they seek solace together, but it is a terrible shared pain. some of those who were injured in the ireland attack joined with norway's king and queen
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
morning steve and alison big hello welcome back. >> thank you tuck. i experienced dry heat i will talk about it later in the show. >> we had something from another world over the weekend temperatures a little better today i want to stress, low 90s decent chance for scattered showers and thunderstorms could use those this is generally a good news monday forecast let's look at our satellite radar, again we will start with radar gain showers off to the south and east, heavy rain in spots across southern maryland during the overnight hours they had a flash flood warning, but you can see here in the immediate washington area, fairly quiet conditions there is a lot of haze and humidity in the atmosphere. temperature not comfortable, regan national, 81 degrees. 76 dulles, 75 at the naval air station and 75 hagueers town. partly sunny condition, thunderstorms developing later, highs upper 80s low 90s again our best chance of rain this week let's hope we get a little bit before sunshine returns tomorrow more details in the forecast in a coupling minutes lauren. >>> we are still dealing with two
days. 106 expected high temperature in the big "d." it will be 92 in kansas city and 80 in new york. that's cooler. 86 with storms in atlanta. some researchers out of the u.k. ali, want to share this story with you, you're a big movie buff and science guy at the same time, researchers out of the u.k. are calling for regulations to curb the integration of human genes basically with animal genes. they don't want to create a human animal, hybrid. who wants that? i can't help but think this has something to do with the release of the "planet of the apes" movie coming up in the beginning of august. called something like "rise of the apes." a popular show when i was a kid and i might see the movie in a couple weeks. >> do you know if we're anywhere down the road close to cloning human/animal cloning? >> we don't need a half man/half horse running around the office. we do use the genes for beneficial scientific uses to try to discover some cures of the diseases. >> it's always the fear someone will use it for the wrong thing. rob, good to see you. check in with you later on. rob marciano i
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
point. that's not a big deal. a lot of that is tied to greece and not what's happening in washington, is it not? >> reporter: let's put this into perspective. broadly speaking you could say the following. if there is no deal on this debt problem by that deadline in early august, if there is no deal you will probably see the stock market retreat big time. if surprise surprise there is a deal, and the debt ceiling is raids and we borrow some more money and we don't default, you can expect stocks to go straight up. that's the situation we are in. what i'm saying is you are going to see an awful lot of up and down with your money hour by hour. that's the way this week is going to be. bill: stuart varney. u.s. secretary of state hillary clinton is saying she is sure a debt deal with be reached. >> i'm confident congress will do the right thing and secure a deal on the debt ceiling. and work with president obama to take the steps necessary to improve our long-term fiscal outlook. bill: no coincidence she made those comments in hong kong. can both side make a deal? senator ron johnson, a ne
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said that speaker boehner needs to stand up and pursue one of the paths that's out there. lot of those same gimmicks in savings from future wars are in the republican budget, the paul ryan budget. george? >
up enough votes to pass it. also, it may just be too big for congress to deal with only a week left. tahman bradley, abc news, the white house. >> down to the wire. people are fed up. >> they should be. i mean, this is weeks and weeks of this. >> absolutely. >> this is not just some issue on capitol hill. if you have a 401(k) and we do default on august 2nd you're going to see all of us, tens of millions of usus will see an impact. this is an issue that affects everything. >> holding our breath. >>> a chicago man who is turned up in las vegas alive and well three decades after he vanished and was declared dead. he left everything and everyone behind, including his family and friends. abc's ryan owens explains h h he managed to stay under the radar. >> reporter: arthur jones was hiding in plain sight. a man with a gambling problem living in this las vegas home, working at this casino. the 72-year-old was declared dead decades ago. detectives thought he'd been murdered by the mob back in 1979. in reality, he'd sold his seat on the chicago board of trade to settle a massive gambling de
be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting that any deal won't include any new tax increases. >> that's the big deal. but the two sides have essentially given up on the idea of coming up with a bipartisan deal. so, you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. we haven't seen the details yet, george. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. like claiming big savings because we won't be fighting a war in iraq anymore. so, the republicans are coming up with their plan, which would include about $1 trillion in cuts now. a debt ceiling increase of eight to ten months. it would require the president to come back to congress n
back in. even a with a big bank account there is an end to it. that's pretty much what is happening. when i pressed the depletion question, he shrugged and said look, they recharge 5% a year with rainwater to read others claim texas portion of the aquifer is much less one tent for%. i get pumped down to 50% but not hurt anybody. we will never punted try and why would i? i live there. i've got about 100 million invested in my property. it's even got a golf course and flashed a quick grin. this is a forever supply of water. mesa will require the rights to sell between 200 to 320 acre-feet of water per year which is enough to supply 1 million to 1.5 million texans. the panhandle counties roberts, and ogletree that would take part in such a deal set over 81 million of the water. as pickens sees it, water is like any other resource. it's a commodity just like a wheel that should be prospect and sold for profit. i don't think you should cut people off from the water. everyone deserves a bite of the apple. it will provide us with a secure drought source for the future. in the summer of 200
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
't want this man to get the chance to spread the message that he wants to spread today. it's a big decision. there's a lot of people here. you can imagine the frantic mood outside of the courthouse and inside this hallway. >> one of the details that jumped out over the last couple days to a lot of people was this number of 21 years. some people believethars for th death of at least 93 people if he is found dlt of that. but it's more nuanced than that. can you explain that, jay? >> it is. and 21 years is the sentence at this point. there's a new law, but there's an act that would make it longer, 30 years. what prosecutors hope to do in this case, is after that time is served, should he become guilty, if he poses a threat to society. if there's a danger in releasing him. they can convene in a panel. they can keep him detained three years. and reconvene every three years after. they can impose a life sentence here. but it will be done every three years or so to keep him behind bars. >> that's the good news. there would be a way. jay, how right now on this monday, is the city of oslo a
nuclear power as the nation's next big power source. the plan comes as demands for energy grow and objections to nuclear energy grow with it. wit johnson reports. >> reporter: with u.s. energy demand expected to increase by 21% in the next two decades, nuclear power has been staging a quiet comeback. president obama has called for billions in loan guarantees to build new nuclear reactors. but past disasters, like fukushima japan, three-mile island, and chernobyl, have made americans fearful of nuclear energy. not one plant has gone online in the u.s. since 1996. >> that's basically a representation of the core. >> reporter: that's about to change. westinghouse ceo showed us the high-tech simulated control room for the ap 1000. >> the u.s. fleet right now is about twice as safe as required by law. the a pchl 1000 is 100 time safer. >> reporter: that claim will be put to the test when the very first goes online in china in two years. then by 2016 in georgia, two ap1000 reactors are scheduled to begin operation. >> no nuclear power plant is walk-away safe. i think it's really dece
and a few tears. and it's indescribable. >>> back to the big news in the nfl this morning. the owners and players have now agreed on a deal. it's not just the fans that are cheering but you've got businesses in every city with an nfl team that are sooighing wit relief here. david mattingly joining us. tell us what this means because it goes much more beyond the game. >> you look at the nfl. they have $9 billion in revenue. when you look at each individual city, take atlanta, for example, they had two preseason games last year and eight regular season games. that brought in $56 million into the economy. so you can see that in just about every nfl town everywhere there is a game going on. you were talking about all the people who work at the games and everything like that. >> sure. >> these teams have a lot of people depending on them getting on the field. that is about to happen. we got confirmation today that we will have a vote from the players union today. they're going to be taking it to, first, the players' representatives. >> okay. >> the representatives will take it to the rank
-running amanda knox murder case. >> big news here. the college student from seattle returned to an italian courtroom this morning. she's hoping that a new report criticizing an italian dna expert's handling of the crime scene evidence will help overturn their murder conviction. we'll get you the very latest on today's hearing. >>> we are looking at the tragic end to amy winehouse's life. she joins a sad select group of performers, jimmy hendricks, jim morrison, curt cobain all found dead at that very same age. much too young. we'll take a look at the highs and lows of her all too short career. >>> first, we turn to the new york city hotel maid who says dominique strauss-kahn sexually attacked her. had he is now speaking out for the first time and in the newsweek magazine interview she tells her story of the alleged encounter with the former head of the international monetary fund. >> reporter: the chambermaid who accused one of the world's most powerful men, dominique strauss-kahn of sexual assault and attempted rape now has a face and a name. she is 32 of guinney has broken her month-long
to the big stories in the week ahead to capitol to continue selltown. we begin tonight at the pentagon. >> i'm chris lawrence at the pentagon and coming up this week, new defense secretary leon panetta who we can't call new for much longer will welcome israeli defense minister ehud barak to the pentagon for some talks and the pentagon will also wrestle with how to implement the repeal of don't ask, don't tell. because of the defense of marriage act certain benefit, housing benefit also not be able to be give ton same-sex couples. that means some troops could get some benefits and other similar troops not getting them. something the pentagon will have a long time and lot of work to do to take care of. >> i'm paul steinhauser. chris christie is in iowa. he hasn't changed his mind about running for the president but there to speak about an education summit. but plenty of people will be in the state that votes first in the caucuses and primaries. michele bachmann, tim pawlenty and ran sanatorium all campaigned there. >> i'm poppy laharlow in new yo. reports from amazon, ford and caterpillar and
beginning to deal with all the grief here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill t
america and the world is in big trouble. tonight, the debt limit. and how the tea party republicans have rejected their own leaders' plan. plus the u.s. connection to the shooting rampage in norway. [sirens] >> shepard: the accused killer's manifest toe said to be almost identical to an american terrorist. tonight, new clues about the motive for the massacre. and the suspect reportedly warns there are others like him out there. plus, a grizzly bear attacks teenagers on a school trip in alaska. >> and the bear just started going after a bunch of the kids in the group. it got him and knocked him down and bit prevent the united states of america from defaulting on its loans from the first time in history next tuesday. tonight, republicans and democrats are still very far apart on some very important issues. and with days of red tape likely to delay things, once lawmakers do finally agree, time is running out. today, the republicans who control the house and the democrats who control the senate offered separate plans to raise the debt limit. the republican house speaker john boehner unveilin
. the republicans are insisting that the debt ceiling can be raised as much as spending is big cut. the speaker is focusing on a short-term deal. cut it by a trillion dollars. president obama has said that is a nonstarter. >> to go through this whole exercise all over again? that we're not going to do. rounds on sunday to make their case to an increasingly anxious public. >> i know that the president is worried about the next election. t shouldn't we be worried about the country? >> the speaker wanted the outline of the plan before 4:00 p.m. eastern sunday to send a positive message to the foreign markets. that deadline passed and this morning the asian markets are down and the u.s. futures aren't looking good, either. both sides are main resolute. >> there's no choice, there's no alternative. >> both sides will be back at work on duelili plans this morning. >> if our credit ratininis lower, ordinary americans will take a hard hit in the f fm of higher interest rates, car loans. >>> in norway the man in arrested in friday's maz murder is being arraigned in the killing of at least 93 people, mos
. >> hundreds of same-sex marriages continue in new york and how legalization is going to pay big dividends for the state's economy. >> good news for millions out there. why thousands of prescription medications are expected to cost you a lot less very soon. of oats, raisin medley. there's nothing like it! the only cereal with 1, 2, 3 kinds of raisins and crunchy multigrain flakes. you gotta try new honey bunches of oats raisin medley. the midwestern meat and potato sandwich. where french fries and meat, meet come try the midwestern meat and potato sandwich from our new tour of america menu. only at denny's >>> welcome back. 5:44. live doppler 7-hd. few showers lingering down in southern california. you may see a repeat of those developing but sunny and hot with 104 in palm springs. 81 in l.a. with sunshine, 75 in san diego. big sur, 75. we'll stay in the 70s around tahoe. 78 with sunshine. 90s around yosemite and 98 in fresno. pretty quiet across most of the state. >>> mike, thanks a lot. >> hundreds of same-sex marriages will be performed in new york again today. the state's new law took
. the republicans are insisting that the debt ceiling can be raised as much as spending is big cut. house speaker john boehner is focusing on a rm dealingshort-tg that will raise the debt ceiling by a trillion dollars. president obama has said that is a nonstarter. >> and then go through this whole exercise all over again? that we're not going to do. >> as washington remains at an impasse, each side made the talk show rounds on sunday to make their case to an increasingly anxious public. >> i know that the president is worried about the next election. but shouldn't we be worried about the country? >> the speaker wanted the outlines of the plan before 4:00 p.m. eastern sunday to send a positive message to the financial markets. that deadline passed and this morning the asian markets are down and the u.s. futures aren't looking good, either. both sides remain resolute that a deal will be reached and disaster a avoided. >> there's no choice, there's no alternative. >> both sides will be back at work on dueling plans this morning. if u.s. d >> if u.s. does default, our credit rating is lower, ordina
Search Results 0 to 42 of about 43 (some duplicates have been removed)